Telah Terbit: May 24, 2024 08:31
[SMM Iron and Steel Morning Meeting Summary: Inventory Continues to Decrease, Market Price Weakens Instead of Rising] Yesterday, iron ore futures opened higher but closed lower, experiencing a weak volatile trend throughout the day. The main contract closed at 906.5, with a daily decline of 1.09%. Traders' willingness to sell weakened; steel mills were cautious and optimistic, with general purchasing intentions. Overall market transactions were average yesterday. The transaction price of PB powder in Shandong was 885-892 yuan/ton, which was 10-15 yuan/ton lower than the previous day; the transaction price of PB powder in Tangshan was 910-915 yuan/ton, which was 10-15 yuan/ton lower than the previous day...

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[SMM Iron and Steel Morning Meeting Summary: Inventory Continues to De - Shanghai Metals Market (SMM)